Turkey Trade Deficit Widens in March


According to the provisional data, in March 2013; exports were $13,175 Million with a 0.3 percent decrease and imports were $20,560 Million with a 0.6 percent decrease compared with March 2012. In March 2013 exports coverage imports was 64.1 percent while it was 63.9 percent in March 2012.

As compared with the same month of the previous year, exports to the EU were $5.37 billion, decreased by 2.4 percent. The proportion of the EU countries was 40.7 percent in March 2013 while it was 41.6 percent in March 2012. 

In March 2013, the main partner country for exports was Germany with $1.15 billion and decreased by 9.5 percent. For exports, Germany was followed by Iraq ($0.93 billion), the United Kingdom ($0.66 billion) and Italy ($0.59 billion). For March 2013, vehicles other than railway or tramway rolling-stock, has by far the highest value exported at $1.52 billion and then, boilers, machinery and mechanical appliances ($1.12 billion), iron and steel ($1.08 billion) and knitted and crocheted goods ($ 0.79 billion).
 
For March 2013, the top country for Turkey’s imports was China ($2.05 billion), records for imports range from Germany ($2.04 billion), Russian Federation ($1.96 billion) and the United States of America ($1.38 Million). At the same period, the top categories for imports were mineral fuels and oils ($4.31 billion) and then boilers, machinery and mechanical appliances  ($2.426 billion), iron and steel ($1.56 billion) and vehicles other than railway or tramway rolling-stock ($1.47 billion).

Turkstat | Nuno Fontes | nuno@tradingeconomics.com
4/30/2013 9:45:53 AM